September 2019 Market Update – Downtown San Diego Condo Market
August had 67 sales, which is very similar to August of 2018 at 66 sales. Inventory has gone up again to 5.8 months and the number of listings in Downtown San Diego increased from 328 to 335. The number of listings to go into escrow also dropped by 18 homes.
Overall, the market in Downtown San Diego continues to slow down and is now a balanced market. For 5+ years, almost everything that listed would sell. Now people are remembering what it is like to be in a more normalized market. Homes that are positioned well are still selling, but the technique and marketing is now important again. It was obviously never recommended to take horrible cell phone photos and throw it online, but sometimes that was enough to sell. Now it is important to have professional marketing and work with a trusted adviser to get your home sold.
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. Find out what mistakes buyers are making when purchasing property downtown.
As the market heads towards a balanced market, now more than ever it is important to work with a professional! Learn how to avoid common mistakes sellers are making in Downtown San Diego so you can net more money when selling your home! There is a difference between listing your home and selling it for top dollar.
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on September 4th, 2019.